How to make more money in your business . . .

There are two components to whether a business is successful, bottom-line-wise: high revenues and low expenses.

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Is it okay to break a promise?

Honor your word. If you make a promise, keep it. Look someone in the eye, shake his or her hand, and then stick with the deal you made.

This is a philosophy instilled in many of us from childhood. Keep your promises. Be true to your word. But what happens to this principle in the world of the entrepreneur?

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What the *#@%#*# is the Audrey principle?

Here is an interesting idea, courtesy (and used with permission of) one of my clients:

How often have you found yourself using negative, even cursing adjectives when describing an object?

  • Where are my #@%@# glasses?
  • Give me the @%##*# remote for the TV!
  • The %#@%# newspaper got all wet sitting in the rain in the driveway!

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Excuse Me, But Do You Have The Time?

Are we there yet? For those of you who are parents, and for the rest of us who remember being a kid, wasn’t this a common question on any car ride? Now, as then, we are all eager to get to where we are going. In life and in business, we are all interested in achieving our goals.

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Excuse Me: Did You Have Enough Information Before You Made That Decision?

We live in the “information age.” Mankind now generates approximately the same amount of information in the one day that we created from the beginning of recorded history to the year 2003. The amount of content that Facebook, Twitter, and YouTube spawn is staggering. Type in a search term or phrase into your favorite search engine, and you will likely get results measured in the millions or billions.

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Excuse Me – Who is Your Boss?

One of the main reasons that a lot of people give for why they become entrepreneurs is that they do not want to work for someone else. Sometimes this feeling arises early in life. I knew early on that the best person for me to work for was me.

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Excuse Me, Does Size Matter?

I deal a lot with entrepreneurs, both ones starting a new business and those whose business is already operating. Quite often, these entrepreneurs are operating what would be termed a very small business. These enterprises are designed essentially to support or provide additional funds for the founder and perhaps her family. When you look at the literature about smaller entrepreneurial ventures, you’ll often see two terms: solopreneur and micropreneur. But what do these terms mean?

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Annabolic Times-Excuse Me, You’re Fired!

I hope this finds you very well and enjoying your summer.

As solopreneurs, we don’t often have the experience of hiring employees; more often subcontractors.  However, there is an important lesson below should you ever decide to go down that path.

Enjoy the below video!  You may recognize someone in it.

CLICK HERE:  REASON 29:  VIDEO 

Excerpted and adapted from “Seventy Reasons Not to be an Entrepreneur (and why I wouldn’t do anything else)”  Copyright 2013 by Michael A. Babiarz, all rights reserved.

Reason Number 29: Hiring is a &**& and firing is a bigger *(**.  Hiring is not a fun process. For the small businessman, if the size of the company mandates employees, it is a process that will need to be repeated, time and time again. Your employees will quit. When they quit, replacing them means going through the painful hiring process all over again. But what if an employee needs to be let go?

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Annabolic Times-Excuse me, the direct approach is the best approach….

Have you experienced:

  • The person at home or at work that makes you feel like you are riding an emotional roller coaster. You know the one, he is friendly one day, but sulks and withdraws the next (and you, being the conscientious person you are, are wondering what you may have done to cause such behavior).
  • Someone who might appear to agree―with enthusiasm―to your request. Rather than completing the task, however, he or she might express anger or resentment by missing deadlines, showing up late to meetings, making excuses, or even interfering with the task.
  • Someone who pays you a “comp-insult” (a compliment and an insult in the same sentence). Something like, “Darling, you look fabulous in spite of your new hairstyle.”
  • The ex-spouse who, knowing his ex-wife is allergic to cats, buys one for their child.
  • The co-worker who engages in the crime of omission by choosing not to share a piece of key information that could or would have prevented a problem. For example, the jealous co-worker who fails to alert his colleague about a mandatory meeting and excuses it by saying something like, “I thought you knew.”
  • The individual who have caused you to be so frustrated that after your interaction you scratch your head and ask, “Am I crazy?”

If you answered yes to experiencing any of the above scenarios, you may be interacting with a person engaging in passive aggressive behavior. If you see yourself as the purveyor of this type of chaos, you may be the one engaging in it.
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Annabolic Times-March, 2013 Excuse Me, I think you might have B.O.!

BURN OUT

Okay, I knew I would get your attention with this one. As I was thinking about this newsletter title, I realized just how fortunate I am to work for myself. Otherwise, I could imagine finding myself in my “manager’s” office as a result of my pithy and profound newsletter titles :-). Ahh the joys of solopreneurship.

As you may have surmised, I am not talking about body odor, however what I am talking about, if you are experiencing it, is likely even more offensive and downright dangerous. It is the experience of being just plain burned out. Frankly, burnout is not attractive and nor is it a respecter of credentials. It is a serious state of emotional exhaustion and loss of motivation. Unless you have experienced this state personally, you may not fully comprehend how critical it is to meet its challenge before you progress into a collapse into depression, addiction, or physical illness.

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